Apple beats expectations in latest financial results

Stella Potter |Thursday, August 30, 2018

Apple beats expectations in latest financial results

"We believe 350 million iPhones are in the "window of opportunity" to upgrade over the next 12 to 18 months with Apple needing to capture a majority of these units as part of this upgrade cycle to make a clearly successful iPhone product cycle in 2019 and lay the groundwork for future services/software growth and steady iPhone demand over the coming years".

As they speak to analysts shortly, Apple aapl execs including tight-lipped CEO Tim Cook likely won't give investors many hints about what they really want to know-the company's expectations for its next iPhone update likely arriving in the fall.

Apple shares have climbed 12 percent since the beginning of the year, while the Standard & Poor's 500 index has climbed slightly more than 5 percent. Sales there fell dramatically in 2016 after Chinese consumers shunned the iPhone 7, whose overall appearance differed little from its predecessor.

"The arrival of Huawei in the second position marks the first quarter since [the second quarter of 2010] where Apple has not been the number one or two smartphone company in terms of market share", IDC noted. 9to5Mac, citing analyst Ming-Chi Kuo, last month reported that the 6.5-inch premium OLED iPhone will come in black, white, and a new gold tone, while the more affordable 6.1-inch LCD model will be available in a bevy of shades: gray, white, blue, red, and orange. The stock would need to hit $206.49 for Apple to become the first publicly traded US company to cross the $1 trillion threshold, based on Apple's share count at the end of the quarter.

Shares of Apple are up 10.6% this year.

Apple sold 41.3 million iPhones in the quarter that ended June 30, just shy of the 42 million figure anticipated by analysts.

Apple is set to report its third-quarter earnings after the closing bell Tuesday.

Apple's revenue in the fiscal third quarter soared 17 per cent to $US53.3 billion ($A72 billion) from the same period a year earlier on the back of sales of pricier iPhones, online services and wearable devices.

Apple Music subscribers exceeded 50 million. -China trade disputes, but President Donald Trump has threatened hundreds of billions of further tariffs whose product categories have not yet been enumerated.

It seems like Apple is now indeed making dual-sim support a reality. The revenue included $236 million from resolving lawsuits such as Apple's long-running dispute with Samsung Electronics Co Ltd. But Apple saw revenue declines in both the iPad and Mac computers. Cook said he's "optimistic" the countries will work out their differences. Apple has hired prominent television executives from Sony Corp and started making deals for content such as a dramatic series with Hollywood stars Reese Witherspoon and Jennifer Aniston.

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